When you’re living paycheck to paycheck, struggling to pay your bills, panicking about creditor calls and trying to determine which bills you’ll default on next, every expense can bring frustration, anxiety and distress. Your stomach may be twisting with tension, you may be ignoring creditor calls, and leaving bills unopened... If that’s the case, then we have some great news:
Bankruptcy is our passion. For over a decade the attorneys at Lincoln Law have honed their understanding of the legal system to provide debt relief to thousands of deserving families. We deal with the bankruptcy code and applicable local laws on a daily basis.
If you feel like credit card debt has taken over your life, statistics show that you’re not alone. Recent numbers from the Nilsson Report reveal that the average American household carries over $8,000 in credit card debt. With the national unemployment rate hovering at 9.5%, it’s no wonder that Americans are turning to credit cards to meet their everyday needs.
If you’re struggling under the burden of debilitating credit card debt, and can’t seem to make real progress with any of your creditors, your best option may be to declare bankruptcy. Filing for bankruptcy doesn’t mean you’ve given up—for many, it’s the only way to get back on the path to financial independence.
In October 2005, the laws which govern Chapter 13 bankruptcy changed. One of the more significant ways the law changed dealt with the eligibility requirements for filing for Chapter 7 and Chapter 13 bankruptcy.
Vehicle repossessions are unfortunately quite common as many people are still struggling to gain a foothold in the unsure economy. Falling behind on vehicle payments can occur for a variety of reasons, with medical hardship and job loss as two of the biggest contributing factors.